TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in TETRA Technologies, Inc. (NYSE:TTI) by 52.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,854 shares of the oil and gas company’s stock after selling 136,363 shares during the period. BNP Paribas Financial Markets owned about 0.09% of TETRA Technologies worth $447,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies in the 4th quarter worth $36,000. HighTower Advisors LLC bought a new stake in shares of TETRA Technologies in the 4th quarter valued at approximately $39,000. Aquatic Capital Management LLC acquired a new position in shares of TETRA Technologies in the 4th quarter valued at about $40,000. Cibc World Markets Corp bought a new stake in shares of TETRA Technologies in the 4th quarter worth approximately $42,000. Finally, M&T Bank Corp bought a new position in shares of TETRA Technologies during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Wall Street Analyst Weigh In

TTI has been the subject of several recent analyst reports. Wall Street Zen cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 9th. D. Boral Capital dropped their target price on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their price target on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, April 15th.

TETRA Technologies Stock Up 0.6%

TTI stock opened at $2.74 on Monday. The company has a 50-day moving average of $2.83 and a two-hundred day moving average of $3.55. TETRA Technologies, Inc. has a 52-week low of $2.03 and a 52-week high of $5.12. The stock has a market capitalization of $363.95 million, a price-to-earnings ratio of 136.82 and a beta of 1.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, equities research analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.